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Articles for Michele, search results for economy

RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor
2 weeks ago

RBA will monitor Donald Trump's trade tariffs for inflation risk, says deputy governor

ABC  

The Reserve Bank's deputy governor has encouraged Australians not to stress too much about the likely impact on Australia's economy of a tit-for-tat trade war sparked by Donald Trump's presidency, and the problems it may cause for inflation next year. Andrew Hauser says if US president-elect Trump introduces wide-ranging trade tariffs next year, the direct impacts on Australia would probably …

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What does 'President Trump' mean for economy?
1 month, 2 weeks ago

What does 'President Trump' mean for economy?

ABC  

Rachel Mealey: Donald Trump will swing into office with a big and bold economic agenda, and economists say Australia will feel its effects both positive and negative. David Taylor: Specifically, Donald Trump's promising tax-free tipping at hospitality venues, abolishing tax on Social Security payments and shaving corporations tax. David Taylor: That's because Donald Trump is also proposing new tariffs of …

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Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words
3 months ago

Reserve Bank boss Michele Bullock mocks Treasurer Jim Chalmers with three cutting words

Daily Mail  

Reserve Bank chief Michele Bullock has openly mocked Treasurer Jim Chalmers by suggesting she could hypothetically 'smash the economy' with more rate rises. But Ms Bullock has weaponised Dr Chalmers's critique of the most aggressive rate rises in a generation, just three weeks after the Treasurer accused the Reserve Bank of 'smashing the economy'. Reserve Bank chief Michele Bullock told …

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PETER VAN ONSELEN: Which of these statements about the Australian economy is true? 1) Australia has won the war on inflation 2) Interest rates are too high 3) The country is run by a bunch of muppets
3 months ago

PETER VAN ONSELEN: Which of these statements about the Australian economy is true? 1) Australia has won the war on inflation 2) Interest rates are too high 3) The country is run by a bunch of muppets

Daily Mail  

I used to enjoy a good muppet show as a kid, but the muppet show we'll see tomorrow when the latest inflation data gets revealed will be far less edifying. RBA Governor Michele Bullock will see through tomorrow's headline inflation figure And that underlying figure will be higher than the top end of the Reserve Bank's target range. The underlying …

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Major blow for Albo with Aussie economy growing at slowest pace in more than three decades
3 months, 3 weeks ago

Major blow for Albo with Aussie economy growing at slowest pace in more than three decades

Daily Mail  

Australia's economy is now growing at the slowest pace since the early 1990s recession, outside of a pandemic. 'Today's national accounts data show the economy is still on life support, with growth over the past year slipping to its slowest pace since the early 1990s, outside of the pandemic,' he said. Australia is Prime Minister Anthony Albanese's Labor government is …

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The Reserve Bank may already have pushed interest rates too high, so is hawkish warning mostly for show?
10 months, 2 weeks ago

The Reserve Bank may already have pushed interest rates too high, so is hawkish warning mostly for show?

ABC  

The Reserve Bank board's post-meeting statement was a short, sharp kick in the teeth to millions of Australians struggling with higher mortgage repayments. Reserve Bank governor Michele Bullock's response to a question on the outlook for interest rates kept to the script. Interest rates have done what they can A key reason why the RBA says it is still more …

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Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began
1 year, 1 month ago

Reserve Bank raises interest rates, repayments now up more than 50pc since hikes began

ABC  

After keeping rates on hold for the past four meetings, the Reserve Bank has resumed hiking its cash rate target, with a quarter of a percentage point increase taking the benchmark interest rate to 4.35 per cent. Key points: At 4.35 per cent, the cash rate is at its highest level in 12 years The rate rise will add around …

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Michele Bullock says climate change will force RBA to rethink how to manage inflation, after being interrupted by protesters
1 year, 3 months ago

Michele Bullock says climate change will force RBA to rethink how to manage inflation, after being interrupted by protesters

ABC  

Protesters have interrupted the opening remarks of a speech being given by incoming RBA governor Michele Bullock, taking aim at previous comments about how she wants to see the unemployment rate increase to 4.5 per cent. Key points: Michele Bullock says climate change will require the RBA to reassess how best to control inflation A recent review of the RBA …

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RBA deputy governor Michele Bullock says outlook for global economy is 'quite worrying'
2 years, 3 months ago

RBA deputy governor Michele Bullock says outlook for global economy is 'quite worrying'

ABC  

The outlook for the global economy is "quite worrying" and it has implications for Australia, a Reserve Bank official has warned. Key points: The RBA says its emergency bond-buying program broadly achieved its aims Deputy governor Michele Bullock says there are problems in the global economy that could threaten Australia's recovery The RBA's ability to create money supported the economy …

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